ILFC Signs LOI for up to 100 E-Jets E2 from Embraer

ILFC Signs LOI for up to 100 E-Jets E2 from Embraer
PR Newswire
PARIS, June 17, 2013
PARIS, June 17, 2013 /PRNewswire/ -- Embraer S.A. (NYSE: ERJ; BM&FBOVESPA:
EMBR3) signed a Letter of Intent (LOI) with International Lease Finance
Corporation (ILFC), a global leader in the leasing and remarketing of jet
aircraft to commercial airlines, for the sale of 25 E190-E2 and 25 E195-E2.
The LOI also contains options for an additional 25 E190-E2 and 25 E195-E2.
"This order demonstrates the huge market potential that ILFC sees for the E2,"
said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. "We
thank ILFC for becoming a new E-Jets customer and for endorsing the program.
As the launch customer, among leasing companies for the E2, ILFC's global
footprint and its diversified operator base will ensure access for even more
airlines around the world to the aircraft."
With approximately 1,000 owned and managed aircraft and a range of innovative
customized leasing programs, ILFC pioneered the aircraft leasing business and
has maintained its leadership position for four decades offering its customers
full-service advisory capabilities and invaluable knowledge of the global
aircraft fleet.
"We are pleased to be a lessor launch customer for the new E-Jets E2 and look
forward to growing our relationship with Embraer," said ILFC Chief Executive
Officer, Henri Courpron. "The introduction of the E-Jets family to our fleet
is an exciting prospect, as we believe these new aircraft would bring
operational efficiencies to our global customers and further strengthen our
company's position as the most responsive and resourceful aircraft lessor
today."
The E-Jets E2 represent Embraer's commitment to continuously invest in the
company's line of commercial jets and maintain its leadership in the 70 to 130
seats market. The three new airplanes (E175-E2, E190-E2, E195-E2) carry the
designator "E2" which signifies generational changes in technology that have
been incorporated in the design. Each of the three aircraft has the
versatility for a range of single class, multi-class or high-density seat
capacities to suit operator requirements with new 'look and feel' and improved
comfort levels.
State-of-the-art engines in combination with new aerodynamically advanced
wings, new engines, full fly-by-wire flight controls, and advancements in
other systems will result in double-digit improvements in fuel burn,
maintenance costs, emissions and external noise.
The first delivery of an E-Jets E2 (the E190-E2) is planned for the first
semester of 2018. The E195-E2 is slated to enter service in 2019 and the
E175-E2 in 2020. Over 950 E-Jets have been delivered to date. Currently, 65
customers from 47 countries have added Embraer E-Jets to their fleets.
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SOURCE Embraer S.A.